Sinclair Inc’s recent filing unveils that its Executive Chairman SMITH DAVID D acquired Company’s shares for reported $1.67 million on Apr 08 ’25. In the deal valued at $13.66 per share,122,072 shares were bought. As a result of this transaction, SMITH DAVID D now holds 1,462,956 shares worth roughly $19.84 million.
Then, SMITH DAVID D bought 63,073 shares, generating $814,083 in total proceeds. Upon buying the shares at $12.91, the Executive Chairman now owns 1,526,029 shares.
Before that, SMITH DAVID D bought 125,197 shares. Sinclair Inc shares valued at $1,875,539 were divested by the Executive Chairman at a price of $14.98 per share. As a result of the transaction, SMITH DAVID D now holds 1,207,968 shares, worth roughly $16.38 million.
Wells Fargo upgraded its Sinclair Inc [SBGI] rating to an Equal weight from a an Underweight in a research note published on November 07, 2024; the price target was increased to $19 from $13. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early December from “a Neutral” to “an Underweight”. Wells Fargo also remained covering SBGI and has decreased its forecast on November 03, 2022 with a “an Underweight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on May 05, 2022. It rated SBGI as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of SBGI
On Tuesday, Sinclair Inc [NASDAQ:SBGI] saw its stock jump 1.27% to $13.56. Over the last five days, the stock has gained 0.04%. Sinclair Inc shares have fallen nearly -15.99% since the year began. Nevertheless, the stocks have risen 6.94% over the past one year.
How much short interest is there in Sinclair Inc?
A steep rise in short interest was recorded in Sinclair Inc stocks on 2025-05-15, dropping by -0.12 million shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 2.57 million shares. There was a decline of -4.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 19, 2022 when Rosenblatt began covering the stock and recommended ‘”a Neutral”‘ rating along with a $21 price target.
